search query: @indexterm MARKET SHARE / total: 488
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| Author: | Gottfries, N. |
| Title: | Market shares, financial constraints and pricing behaviour in the export market |
| Journal: | Economica
2002 : NOV, VOL. 69:583-607 |
| Index terms: | Exports financing Market share Pricing |
| Freeterms: | Financial constraints |
| Language: | eng |
| Abstract: | A structural dynamic model of price and quantity adjustment is estimated on time series data for exports and export prices. Two sources of dynamics are considered: customer markets and preset prices. Two sources of dynamics are considered: customer markets and preset prices. As predicted by the customer market model, the market share adjusts slowly after a change in the relative price and financial conditions affect prices. Prices are found to be sticky in the sense that they do not reflect the most recent information about costs and exchange rates. A parsimoniously parametrized structural model explains about 90 % of the variation in market share and the relative price. |
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